Salzgitter AG (SZGPY) – What Are Investment Firms Thinking About This Stock?

Salzgitter AG (OTCMKTS:SZGPY) has been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

Several equities analysts have weighed in on SZGPY shares. Jefferies Financial Group upgraded Salzgitter from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a report on Friday, September 4th. UBS Group upgraded shares of Salzgitter from a “hold” rating to a “buy” rating in a research note on Friday, October 9th. Finally, Zacks Research upgraded shares of Salzgitter to a “hold” rating in a research note on Thursday, July 16th.

Salzgitter Stock Up 0.3%

SZGPY stock opened at $5.33 on Tuesday. The firm has a market capitalization of $2.88 billion, a PE ratio of 44.29 and a beta of 1.70. Salzgitter has a twelve month low of $2.97 and a twelve month high of $7.99. The stock’s 50 day moving average is $6.03 and its 200-day moving average is $5.93.

Salzgitter (OTCMKTS:SZGPY) last announced its quarterly earnings results on Tuesday, August 11th. The basic materials company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.15). The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.42 billion. Salzgitter had a return on equity of 1.29% and a net margin of 0.65%. On average, equities research analysts anticipate that Salzgitter will post 0.22 earnings per share for the current fiscal year.

Salzgitter Company Profile

Salzgitter AG is a Germany-based steel and technology group headquartered in Salzgitter, Lower Saxony. Its activities are organized across steel production, steel processing, trading and technology. The company supplies steel products for applications in construction, automotive manufacturing, mechanical engineering, energy and other industrial markets.

Its steel business produces flat steel, plate, sections and other rolled products, while its processing operations manufacture tubes, precision steel products and related components.